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Love it. It's a lifestyle I actively subscribe to. I'm climbing the FIRE treadmill like this guy talks about. I live frugally, and I save like a madman. I'm on

Love it. It's a lifestyle I actively subscribe to. I'm climbing the FIRE treadmill like this guy talks about. I live frugally, and I save like a madman. I'm on track to have stable, passive income for myself, and my family, for the rest of my life, by the time I hit 45. And I'm certainly not living like a monk along the way. And you know what? I've got a huge war chest that I can pull from if I ever need to tell someone "Fuck you". I may not be financially independent yet, but I have more than enough money to tell a boss who wants me to do boring, shitty work to fuck off if I ever need to. Thankfully, I don't have to right now. But things can change in the blink of an eye. Fuck you money is a condensed store of options for when things get rough.

TurkishPoptart 6y ago
When we're talking about passive income in a general sense, are we talking about buying stocks and funds that generate dividends and/or growth that sustain a 4% (or whatever) sell-off rate to pay for basic life needs, but the asset is valuable enough to keep chugging along despite that? Thanks.
- cushychicken 6y ago
  Most FIRE advice advocates for selling a small amount of long term funds every year, as they're taxed at a lower rate than dividend income. I read a bunch of Mr Money Mustache to get me started on this path. Recommend that you take a look at his blog to read more about it in detail.
GoodJokes 6y ago
How incredibly great for you.
pwinnski 6y ago
I was reasonably close to hitting my FIRE goal, assuming I wanted to continue living as frugally as I had been, when I was laid off. I had to decide: do I pull the trigger now, and work on some kind of part-time project to try to fill in the little bit I'm missing, or do I find another six-figure job? I realized pretty quickly the decision was stressing me out, which for me, made the choice easy. I booked a flight to Hong Kong and planned to look for another job in about six months. Of course, life being what it is, I met my now-wife in Hong Kong, so I've extended my career for a few more years to make things even more comfortable. Still, I definitely feel like I am well-situated enough that I could walk away from anything, take some time off, and find another job "whenever." It's always on a spectrum!
listenallyall 6y ago
>> boring, shitty work I envy you. Everybody (who has a boss) endures at least a little boring, shitty work. If it gets to be too much, the antidote is to start seriously looking for another job. Or write some automation scripts and chill out. Fuck you money is reserved (or should be) for much more egregious offenses: Pettiness. Hypocrisy. Withholding compensation from you for made-up reasons. Not upholding promises. Instituting new rules arbitrarily to suppress you. Negating excellent performance with irrelevant attributes on a "performance evaluation." These are the types of things that seriously throw off your economic planning, both in wasted time and missing dollars. This is what you save the f-u fund for, so you can avoid the above at all costs.
- bryanlarsen 6y ago
  > Everybody (who has a boss) If you don't have a boss, you'll have customers, which also results in boring, shitty work. Unless you can pass that off to underlings. Which means you have management duties. AKA boring, shitty work.
  - listenallyall 6y ago
    valid point... we're in agreement, pretty much everybody has to endure at least some boring shitty work
- david-gpu 6y ago
  > Fuck you money is reserved (or should be) for much more egregious offenses Why? I'm not saying that once you have FU money you are entitled to be a primadonna and expect everybody else to bend over for you. Of course not. But if there's anything you don't like about your current job, it enables you to discuss it without fear of not being able to meet your financial obligations. So, as long as you are not a jerk about it, what is the problem with taking advantage of the leverage you now have?
  - exolymph 6y ago
    Because the person you're talking to has adopted scrub mindset and constrained themselves out of winning the game.
pcglue 6y ago
What's your FIRE number, if you don't mind, and what area do you live in (HCOL/LCOL, urban/rural, etc.)?

TurkishPoptart 6y ago

When we're talking about passive income in a general sense, are we talking about buying stocks and funds that generate dividends and/or growth that sustain a 4% (or whatever) sell-off rate to pay for basic life needs, but the asset is valuable enough to keep chugging along despite that? Thanks.

cushychicken 6y ago
Most FIRE advice advocates for selling a small amount of long term funds every year, as they're taxed at a lower rate than dividend income. I read a bunch of Mr Money Mustache to get me started on this path. Recommend that you take a look at his blog to read more about it in detail.

GoodJokes 6y ago

How incredibly great for you.

pwinnski 6y ago

I was reasonably close to hitting my FIRE goal, assuming I wanted to continue living as frugally as I had been, when I was laid off. I had to decide: do I pull the trigger now, and work on some kind of part-time project to try to fill in the little bit I'm missing, or do I find another six-figure job? I realized pretty quickly the decision was stressing me out, which for me, made the choice easy. I booked a flight to Hong Kong and planned to look for another job in about six months. Of course, life being what it is, I met my now-wife in Hong Kong, so I've extended my career for a few more years to make things even more comfortable. Still, I definitely feel like I am well-situated enough that I could walk away from anything, take some time off, and find another job "whenever." It's always on a spectrum!

listenallyall 6y ago

>> boring, shitty work I envy you. Everybody (who has a boss) endures at least a little boring, shitty work. If it gets to be too much, the antidote is to start seriously looking for another job. Or write some automation scripts and chill out. Fuck you money is reserved (or should be) for much more egregious offenses: Pettiness. Hypocrisy. Withholding compensation from you for made-up reasons. Not upholding promises. Instituting new rules arbitrarily to suppress you. Negating excellent performance with irrelevant attributes on a "performance evaluation." These are the types of things that seriously throw off your economic planning, both in wasted time and missing dollars. This is what you save the f-u fund for, so you can avoid the above at all costs.

bryanlarsen 6y ago
> Everybody (who has a boss) If you don't have a boss, you'll have customers, which also results in boring, shitty work. Unless you can pass that off to underlings. Which means you have management duties. AKA boring, shitty work.
- listenallyall 6y ago
  valid point... we're in agreement, pretty much everybody has to endure at least some boring shitty work
david-gpu 6y ago
> Fuck you money is reserved (or should be) for much more egregious offenses Why? I'm not saying that once you have FU money you are entitled to be a primadonna and expect everybody else to bend over for you. Of course not. But if there's anything you don't like about your current job, it enables you to discuss it without fear of not being able to meet your financial obligations. So, as long as you are not a jerk about it, what is the problem with taking advantage of the leverage you now have?
- exolymph 6y ago
  Because the person you're talking to has adopted scrub mindset and constrained themselves out of winning the game.

pcglue 6y ago

What's your FIRE number, if you don't mind, and what area do you live in (HCOL/LCOL, urban/rural, etc.)?